Project Management Questions for Pirmin's Bike Shop
a. What is the critical path?
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b. What is the project length?
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c. Which activity should the bike shop crash first, and how much would it add to the project cost?
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d. Which activity should be crashed next to reduce an additional hour off the project, and what would be the total cost? (reducing the project by 2 hours)
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e. Which activity(s) should be crashed next if you needed to reduce the project by another 2 hours (total 4 hours) and what would be the total cost for the 4 hour reduction?
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a. Critical path: A-C-E-F-G-H.
b. Project length: 33 hours.
c. Activity F should be crashed first, adding 1 hour at a cost of $20.
d. Activity A should be crashed next, adding 1 hour at a cost of $7.
e. Activities B and D should be crashed next at a total cost of $40.
The basic critical path for Pirmin's Bike Shop project is A-C-E-F-G-H with a total length of 33 hours. In order to shorten the project duration, the shop needs to identify activities to crash efficiently.
First, the bike shop should crash Activity F, which would add 1 hour to the project at a cost of $20. Following that, Activity A should be crashed next, adding another hour at a cost of $7. This would result in a total cost of $40 for crashing Activities F and A.
If further reduction is needed, Activities B and D should be crashed next at a total cost of $40. The total cost for reducing the project duration by 2 hours would be $40.
Pirmin's bicycle shop can decide to crash activities based on their cost and impact on project duration. By strategically crashing certain activities, the shop can effectively reduce the project timeline, albeit with an increase in cost.
In summary, by following the critical path and selectively crashing activities, Pirmin's Bike Shop can optimize the project timeline while managing costs effectively.